How was Apollo TYRE result?
New Delhi: Gurugram-based Apollo Tyres Wednesday reported a 49.5% decline in consolidated net profit at Rs 224 crore for the third quarter ended Dec 31, 2021. The company had posted net profit of Rs 444 crore in the corresponding period of the last financial year.
Which company uses Apollo Tyres?
Apollo Tyres Limited is an Indian Multinational tyre manufacturing company headquartered in Gurugram, Haryana. It was incorporated in 1972, and its first plant was commissioned in Perambra in Chalakudy, Kerala (India)….Apollo Tyres.
| Type | Public |
|---|---|
| Website | apollotyres.com |
Are Apollo Tyres debt free?
What Is Apollo Tyres’s Debt? As you can see below, Apollo Tyres had ₹64.1b of debt, at September 2021, which is about the same as the year before. You can click the chart for greater detail. However, because it has a cash reserve of ₹13.9b, its net debt is less, at about ₹50.2b.
How many Apollo Tyres companies are there in India?
Apollo Tyres currently has four manufacturing facilities in India — two (including a leased facility) in the rubber-producing state of Kerala and one each in Gujarat and Tamil Nadu. Outside India the company has a manufacturing facility each in The Netherlands and Hungary.
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You can easily buy MRF shares in Groww by creating a demat account and getting the KYC documents verified online.
Is Apollo a good tyre brand?
The best part of using Apollo Apterra AT2 tyres is its wear-resistant compound that enhances the tyre life and provides good durability on rough roads and also performs so well on highway with better grip and makes handling smooth & safe. I will surely recommend these tyres.
Is MRF a debt free company?
Company is virtually debt free. The company has an efficient Cash Conversion Cycle of 73.96 days. The company has a good cash flow management; CFO/PAT stands at 1.98.
Which is the costliest share in India?
MRF
MRF currently has the highest share price in India among all the companies listed on BSE/NSE. The all-time high share price of MRF is Rs. 96,973. The stock is currently trading at a standalone PE of 26.96.
Are Apollo Tyres good for SUV?
Tyres like the Apollo Apterra HT 2 are optimised for highway and off-road performance with a low tread wear rate and low road noise. The special contours and construction of these tyres ensures better grip on wet or muddy terrains and also increases the braking efficiency of your SUV.
Are Apollo Tyres noisy?
However, one downside of these tyres was that at high speeds, there was considerable tyre noise. After using these tyres for over 30,000 kms, they have worn out by close to 50%, which means there is still enough juice for another 20,000 kms at least.